President Trump today signed a new executive order reiterating the United States’ support for private enterprise in space, including the ownership of any resources mined or obtained from other orbiting bodies, such as the Moon and the asteroids.

The text of the order is here. It acts to underline previous laws passed by Congress supporting private ownership in space. It also does three things:

1. It makes it very clear that the U.S. will oppose any effort by the international community to impose the Moon Treaty in space. This U.N. law, which is not the Outer Space Treaty that has governed space since 1967, was never ratified by the U.S., and in fact was only signed by seventeen countries. Its provisions were hostile to private property and private enterprise, essentially making both impossible in space. Thus, today’s executive order states:

The United States is not a party to the Moon Agreement. Further, the United States does not consider the Moon Agreement to be an effective or necessary instrument to guide nation states regarding the promotion of commercial participation in the long-term exploration, scientific discovery, and use of the Moon, Mars, or other celestial bodies. Accordingly, the Secretary of State shall object to any attempt by any other state or international organization to treat the Moon Agreement as reflecting or otherwise expressing customary international law.

2. The order re-emphasized the U.S.’s commitment to allowing private companies to retain ownership of any resources they mine from other worlds. Though the Outer Space Treaty appears to allow this, there is some uncertainty, and because that treaty also forbids nations from claiming any territory to establish their sovereignty and laws upon that territory, establishing the ownership of mining resources under U.S. law remains unsure. Today’s order essentially states that U.S. law will apply to those resources:

Americans should have the right to engage in commercial exploration, recovery, and use of resources in outer space, consistent with applicable law. Outer space is a legally and physically unique domain of human activity, and the United States does not view it as a global commons. Accordingly, it shall be the policy of the United States to encourage international support for the public and private recovery and use of resources in outer space, consistent with applicable law.

3. The order makes clear that the U.S. will use all of its influence to convince all other space-faring nations to agree to this approach.

This last item might be the most important. If the Trump administration can convince all other nations to some new approach that allows for private property in space, the difficulties created by the Outer Space Treaty might be bypassed.